Daily Technical Report 7-8-2024

Technical Analysis

By Shady Fouad On Aug 7, 2024

DOW JONES

The Dow Jones Index has broken above the 39,000$ level, and it is likely to target the 39,800$ zone. This scenario becomes invalid if the support level at 39,000$ is broken to the downside.

Support	39000	38850	38500
Resistance	39450	39800	40250

NASDAQ

The Nasdaq Index has broken above the $18,100 level, and it is likely to target the $18,500 zone. This scenario becomes invalid if the support level at $18,100 is broken to the downside.

Support	18100	17750	17300
Resistance	18385	18500	19700

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Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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